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BofA's Countrywide In Record $500M Mortgage Settlement
Bank of America Corp. has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest to resolve federal class-action litigation over...Tags: Dubai (United Arab Emirates), Derivative Securities, Trials, Morgan Stanley Dean Witter & Company, Crime, Law and Justice
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Column: Political kin and politically dangerous
WASHINGTON — The regulatory, administrative state, which progressives champion, is generally a servant of the strong, for two reasons. It responds to financially powerful and politically sophisticated factions. And it encourages rent-seekers to...Tags: U.S. Congress, Federal Communications Commission, Environmental Politics, Government Debt, Government
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Economist Zandi said to be candidate for key federal housing post
WASHINGTON -- Economist Mark Zandi reportedly is being considered by the Obama administration to head the federal agency that oversees taxpayer-owned Fannie Mae and Freddie Mac as the White House seeks a candidate who could avoid Republican opposition...
Tags: Moody's Corporation, Washington, DC, Real Estate, Kamala D. Harris, Republican Party
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FHA may need $943-million bailout
WASHINGTON — The Federal Housing Administration helped stabilize the real estate market after the subprime bubble and lay the groundwork for the recovery — and now the bill for taxpayers might be coming due. The Obama administration's...
Tags: Washington, DC, Realty, Real Estate, American Enterprise Institute, Economy, Business and Finance
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Property Transfers - April 12, 2013
Property transfers for the week of March 25 to March 29. — Jaime R. Busch to Kyle E. Busch, lot 22, unit 1A, McClure Manor, quitclaim. — Larry Wayne Walker to David B. Ingram and Monica R. Ingram, parcel 1, Little Stoner Road, $140,000....
Tags: Bank of New York Company, JPMorgan Chase & Co., Ridge, Loans, Mortgages
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Refinance program for underwater borrowers extended two years
A popular government program enabling underwater borrowers who are current on their mortgages to refinance at lower rates will be extended for two more years. The Obama administration's Home Affordable Refinance Program had been scheduled to expire...Tags: Consumers, Freddie Mac, Interior Policy, Finance, Housing and Urban Planning
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Property transfers: March 22, 2013
Property transfers recorded in the Clark County Clerk’s office from March 11 to 15. — Fifth Third Mortgage Company to Richard M. Sparks, lot 75, Byrd Ave, $26,500. — Michael Miller and Jennifer Miller to Stone Financing LLC, lot 14,...
Tags: Bank of New York Company, Finance, Ridge, Loans, Central Bank
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9 state attorneys general want housing official DeMarco replaced
WASHINGTON -- Attorneys general from California and eight other states on Monday publicly urged President Obama to replace Edward J. DeMarco, the controversial acting regulator for housing finance giants Fannie Mae and Freddie Mac. The state officials...
Tags: U.S. Congress, Washington, DC, Kamala D. Harris, Crime, Law and Justice, Economy, Business and Finance
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Obama budget projects $943-million bailout for key housing agency
WASHINGTON -- The Obama administration's proposed budget projects the Federal Housing Administration will need a $943-million bailout this year to stabilize its shaky long-term finances. The agency, whose mortgage insurance business increased...
Tags: Federal Housing Administration, Finance, Budgets and Budgeting, Washington, DC, American Enterprise Institute
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Regulators follow golden road to Promontory
Mary Schapiro, the former chairman of the Securities and Exchange Commission, must take us for fools. No need to worry about her and the so-called revolving door between government and Wall Street, she told the Wall Street Journal on April 2, after...Tags: Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, U.S. Securities and Exchange Commission, Government, Bank of America Corp.
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Ask a real estate pro: Loan modifications to get easier
Sentinel CorrespondentBoard-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask him a question, click here. Q: I heard about a new program in which mortgage companies Fannie Mae and Freddie Mac will do...Tags: Justice System, Services and Shopping, Freddie Mac, Realty, Lawyers
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Buying foreclosures requires patience, and a little more money
It's still possible to buy a foreclosure and make it the home of your dreams. It's just harder these days. Investors, both individuals and national corporations, are rushing into the market with the intent of turning foreclosed properties into cash-...
Tags: Federal Housing Administration, Services and Shopping, Freddie Mac, Finance, Foreclosures
Apr 17, 2013
|Story| Hartford Courant
Apr 17, 2013
|Story| Aberdeen News
Apr 15, 2013
|Story| Los Angeles Times
Apr 10, 2013
|Story| Los Angeles Times
Apr 12, 2013
|Story| Winchester Sun
Apr 11, 2013
|Story| Los Angeles Times
Mar 22, 2013
|Story| Winchester Sun
Mar 18, 2013
|Story| Los Angeles Times
Apr 10, 2013
|Story| Los Angeles Times
Apr 8, 2013
|Column| Allentown Morning Call
Apr 4, 2013
|Story| South Florida Sun-Sentinel
Apr 5, 2013
|Column| Chicago Tribune
Original site for Fannie Mae topic gallery.